The board provides general oversight of the management and
administration of the central bank, but does not set monetary
policy.

"Ms. Clark and Mr. Key bring significant financial,
management and professional expertise to the Bank's Board,"
Canada's minister of finance Jim Flaherty said in a statement.

Clark, the University of Alberta's chief financial officer,
previously held a similar position at York University in
Toronto. She also served as assistant deputy minister for
Ontario's finance department.

Key, a corporate commercial lawyer and partner with McInnis
Cooper's Prince Edward Island office, has practiced for more
than 25 years.